answersLogoWhite

0


Best Answer

Banks that are insured by the Federal Deposit Insurance Corporation are insured against loss as a result of the bank defaulting or otherwise being unable to repay a customer's money.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What does it mean when banks are insured by the FDIC?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Are mutual saving banks fdic insured?

are mutual saving banks be FDIC insured


Are all US banks FDIC insured?

All us banks are not FDIC insured, however most banks that are competing effectively for business are usually FDIC insured.


Which banks are insured by the FDIC?

www2.fdic.gov/IDASP, the offical site of the FDIC, offers a complete list of all banks insured.


Is chase bank fdic insured?

Yes. Chase bank is FDIC Insured. All deposits upto $250,000 in chase deposit accounts are insured by the FDIC. Chase bank is one of the largest banks in USA and it wouldn't be so if it was FDIC un-insured


Do any fdic insured banks in Omaha, NE offer stock brokerage services?

GMAC bank is one of the fdic insured banks in Omaha, NE. Which offers stock brokerage services.


When people invest in mutual funds they are making loans to banks and their investments are insured by the FDIC True or False?

True. When people invest in mutual funds they are making loans to banks and their investments are insured by the FDIC.


How safe are the area banks in Edgewater Fl?

Those banks that are insured by FDIC are pretty safe.


Is Ohio national financial services fdic insured?

No. Only deposits in banks are fdic insured. ONFS provides top quality financial services and products to clients.


If you keep your money in an FDIC-insured bank how much of your money is insured?

up to 250 thousand dollars is insured in all banks


Are all banks in the US insured by the FDIC?

Most banks are but to be certain you should visit the link below.


How do you confirm a bank is FDIC insured?

You can do either of the two things below:Visit the banks website and check. All banks that are registered with the FDIC specify this fact in their website in order to tell their customers that all their deposits are insured by the FDICVisit the FDIC website and check if the bank you are looking for is a member of it


How much is an account insured by the FDIC?

The FDIC insures deposits in member banks up to US$250,000 per ownership category.